Weatherford International plc Ordinary Shares (WFRD) — Stock Correlations & Overview
Over the past year, WFRD has moved most closely with IEZ, OIH, SLB. Explore the stocks most correlated and inversely correlated with WFRD below, along with its price, financials, and company profile.
Stocks correlated with WFRD
Correlation of daily returns. Higher positive values move with WFRD; negative values move opposite it. Informational only, not investment advice.
Most correlated with WFRD
| Symbol | Company | Correlation |
|---|---|---|
| IEZ | iShares U.S. Oil Equipment & Services ETF | 0.77 |
| OIH | VanEck Oil Services ETF | 0.76 |
| SLB | SLB LimitedOIL & GAS FIELD SERVICES, NEC | 0.76 |
| PXJ | Invesco Oil & Gas Services ETF | 0.71 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.69 |
Most inversely correlated with WFRD
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.44 |
| MZZ | ProShares UltraShort MidCap400 | -0.42 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.42 |
| MYY | ProShares Short MidCap400 | -0.41 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.40 |
Frequently asked questions about WFRD correlations
- Which stocks are most correlated with WFRD?
- Based on one year of daily returns, the stocks most correlated with Weatherford International plc Ordinary Shares (WFRD) are IEZ (0.77), OIH (0.76) and SLB (0.76). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with WFRD?
- Over the past year, the stocks most inversely correlated with Weatherford International plc Ordinary Shares (WFRD) are OILD (-0.44), MZZ (-0.42) and SMDD (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these WFRD correlations calculated?
- We compute the correlation of daily returns between WFRD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.